Comments by "BTC909" (@BTC909) on ""California Insurance BAN" - Wildfires Leads To Insurance Bans That Could DESTROY L.A Housing Market" video.

  1. That's not what PMI is. If you are unable to put at least 20% down the mortgage company will require you to pay PMI until you reach 20%. Then you need to submit in writing to your mortgage lender to have PMI removed. PMI ONLY protects the bank.
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  2.  @originaloffical  "Private mortgage insurance (PMI) is a type of mortgage insurance you might be required to buy if you take out a conventional loan with a down payment of less than 20 percent of the purchase price. PMI protects the lender—not you—if you stop making payments on your loan." - Consumer Financial Protection Bureau
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